TVS Holdings Limited has made a significant investment in its subsidiary, Home Credit India Finance Private Limited (HCIFPL), by acquiring an additional 229,139,017 equity shares. The investment, valued at ₹526.79 crore, was completed on 28th March 2026.
HCIFPL, a non-banking financial company registered with the Reserve Bank of India, operates in the retail loan segment, providing consumer durables and cash loans. The company also offers non-credit value-added services and operates through both point of sales (POS) and online models.
The acquisition is classified as a related party transaction, as HCIFPL is a subsidiary of TVS Holdings. STPL Trading and Services Private Limited, a member of the promoter group, holds an 8.10% stake in HCIFPL. The transaction was conducted at arm’s length, based on a valuation report from a registered valuer.
The additional investment aims to sustain and accelerate HCIFPL’s growth rate and maintain its capital adequacy at an optimum level. No governmental or regulatory approvals were required for this acquisition.
Following the acquisition, TVS Holdings’ shareholding in HCIFPL has increased to 80.39%. HCIFPL reported a turnover of ₹2,096.54 crore for the financial year 2024-2025, with a loss after tax of ₹530.04 crore and a net worth of ₹1,583.04 crore.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).